Monday, June 5, 2023
HomeUpcoming NFTLine to launch NFT service LineNext next year – TechCrunch

Line to launch NFT service LineNext next year – TechCrunch

Japan-based messaging app LINE Corporation, Fully owned Z HoldingsWill launch NFT services through the new organization LineNext next year, providing a market for businesses and individuals to trade NFTs globally, excluding Japan. Line operates the beta version of the NFT market individually. LineBitmax wallet A spokeswoman for Line said it was suitable for the Japanese market.

Line announced last week that it has set up LineNext in South Korea and the United States to focus on expanding the global NFT ecosystem.

South Korea-based LineNext, which has approximately 100 employees, is working on strategies and plans for a global NFT platform, while US-based LineNext develops and operates a non-fungible token (NFT) platform business. I am. A spokesman said the US office has 55 employees.

As LineNext is a platform provider, “transaction brokerage fees are the main source of revenue, with plans for additional sources of revenue in the future,” a spokeswoman told TechCrunch.

A spokeswoman said LineNext is currently discussing potential partnerships with about 20 global partners.

LineNext’s new global NFT platform helps businesses and creators around the world build markets and create communities and ecosystems for the average user to trade NFTs.

“NFT is a technology infrastructure that transforms the digital space and revolutionizes the user experience in all areas such as content, games, social and commerce,” said Line App Products (and Line FinTech Company) CEO. The person in charge, Youngsu Ko, has been appointed as CEO of LineNext. “Line has been an innovator for over a decade and has become one of the most popular technology companies in Asia. Now we are working with our global partners to do the same in exciting new areas of NFTs. The Korean office is focused on the global NFT platform strategy, and the US office is focused on the NFT business. “

LineNext aims to transform the NFT experience for businesses, creators, and users by leveraging Line’s extensive experience in developing and growing messenger and blockchain services.

Since its establishment Line block chain lab, Line issued crypto assets Link Operates a cryptocurrency exchange Line Bit Max Japan and Bit front Globally. Line also runs a blockchain service development platform. Line blockchain developer Beta version of the platform and NFT market for LineBitmax Wallet in Japan.

According to the company, more than 1.3 million NFTs have already been published by various blockchain partners such as Zepeto and Dentsu, introducing intellectual property, content and games.

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